The Turkish lira plunged to record lows against the dollar following its downgrade by Moody’s and S&P, who cited increased political instability as well as geopolitical stresses and turbulence.
In this part, we will discuss why the Fed has made changes to its forward guidance policies, which give investors information of the future path of the Fed funds rate.
The part discusses Yellen’s take on the monetary policy challenges, the role of qualitative and quantitative forward guidance since the Great Recession, and the recovery.
We can understand the investment objectives of fixed income investors in terms of returns, risks, and constraints. There are two categories of investors.
At the recently concluded Federal Open Market Committee (or FOMC) meeting of the U.S. Federal Reserve, the Fed said it would remove the quantitative thresholds from its policy statement.
The Fed’s tapering of monthly asset purchases is expected to end this fall. Markets are closely watching for developments on the Fed front as to when the base rate might rise.
Light vehicle auto sales for March will be released on Tuesday, April 1. The light vehicle annualized selling pace came in at 15.3 million in February.
